StartEngine to Close STO Round

The round, which only open to accredited investors, made its debut less than six months after StartEngine closed its first Reg A+ round, raising nearly $5 million from 3,425 investors.

For investors participating in the Reg D offering, tokens may be purchased for $7.50 each or a 25% discount to price expected in the Reg A+ STO.

Minimum investment for the accredited offering has been set at $10,000.

Under Reg D rules, issued securities must be locked up for one year.

Under Reg A+, securities can become immediately tradable – a characteristic of the securities exemption that has made it of interest to the STO/ICO realm.

StartEngine claims it hosted the first Regulation CF ICO and many more since.

Blazing this trail has only given us more inspiration.

The platform reports its goal to use blockchain for its new service and services planned for the future, which is StartEngine Secure, LDGR, and StartEngine Secondary.

Dr Howard Marks, StartEngine CEO:

“Contingent on the SEC’s and FINRA’s approval of StartEngine as a broker-dealer and Alternative Trading System (ATS), we intend to launch StartEngine Secondary, which will operate a secondary marketplace for tokenized securities, in the months ahead. This secondary market will be supported by StartEngine Secure, a trusted source and registered transfer agent, and LDGR, a decentralized application for logging transactions in Regulations CF, D and A securities.”

StartEngine added that its goal is to raise $10 million with STO in order to help achieve its vision for these services.

Ultimately, the StartEngine team believes the funding will enable them “to realize” their broader goal of creating the modern financial firm.